Pocket Money at 7

[Miababe]

We have a 7 year old DD who is asking for pocket money "like her friends at school do". Do you give a 7 year old pocket money? If so what is the going rate?

When my kids were little I agreed with them that their age was the number of pounds they got every week for allowance.

I can't help you with the 'going rate' as mine are now adults, but we started each of ours having pocket money once they reached 7 as it was an age when they could understand the maths enough to understand having change from buying something, or how many multiples of an item they could afford, or how long they would have to save to buy something, etc.

Ours got an increment each birthday, and we used to show them things like the difference in cost between buying sweets in the supermarket vs a fancy sweet shop or cinema foyer, or how much books cost new vs a charity shop or car boot.

I give £1 a week, then it goes up to £2 when they reach 10 (double figures). Plus they can help out specific jobs for an extra 50p or something.

They don't know I'm also saving separately for them.

Mine is good at saving. But we are quite clear about which things we are happy to buy for them and what they need to buy themselves.

Mine has £5 a week, as well as a monzo card (under my account)

Depends what you're expecting them to buy, you could go for a pound a week and pay for various totally optional things, or you could give a fair bit more and tell them they can pay for books to read.
If I were you I'd start with a pound or two a week and see how it goes. Needs to be enough to buy some of that they want (and save a bit) but not all of it otherwise it will burn a hole in their pocket.

I'd go for £1/£2 a week as a base rate and then give her the chance to earn extra for doing extra jobs (not normal stuff that she should be doing anyway).

I give mine £5 a week, its not enough to splash out every week, but enough that saving for a game or toy wont take forever.

Nope, I don’t know anyone who does. My youngest is 8 and I do occasionally give him some money (£2 usually) when he helps me taking care of our chickens and preparing eggs to sell, but I wouldn’t consider it pocket money. It’s not regular and is maybe once a month and it’s because he did some work on our farm. He doesn’t spend it though, just keeps it with his tooth fairy money. He’s 8.

Our almost 7 year old has recently started with pocket money. We give him £2 per week and he often gets an extra 50p/£1 for helping with things like washing the car, hoovering etc.

General bits like tidying his toys, setting the table are things he's been doing for years and are totally separate to pocket money!

Mine has £2.50 a week which gets paid into a linked Monzo account. She is saving up for a big lego set. Trying to get her to understand that she cannot have yet another cuddly toy drom another day out as it costs so it is now up to her and whether she wants to spend that. Sometimes she does and other times she will say it is not worth it.